Northern Taxis Limited
Registered name: NORTHERN TAXIS LIMITED
Part of MML Partnership Capital VIII Holdco 1 Ltd groupNorthern Taxis Limited made £3.1m revenue and £230k profit in the year to 31 Dec 2025.
Northern Taxis Limited’s revenue was £3.1m in the year to 31 Dec 2025, with £230k profit. The company is classified under “taxi operation” and is based in Cardiff; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 30 Sep 2023 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £13.6m | £25.7m | £25.7m | £26.3m | £3.1m |
| Cost of sales | £8.5m | £16.4m | −£16.4m | −£15.4m | −£1.6m |
| Gross profit | £5.2m | £9.4m | £9.4m | £10.8m | £1.5m |
| Operating profit | £2.4m | £2.9m | £2.9m | £2.1m | £338k |
| Profit before tax | £2.2m | £2.9m | £2.9m | £2.1m | £330k |
| Profit after tax | £1.9m | £2.2m | £2.2m | £1.7m | £230k |
| Profit (best available) | £1.9m | £2.2m | £2.2m | £1.7m | £230k |
| Staff costs | £2.3m | £4m | — | — | — |
| Employees (average) | 86 | 78 | 78 | 20 | — |
| Ratios | |||||
| Profit margin | 14% | 8.5% | 8.5% | 6.6% | 7.4% |
| Gross margin | 38% | 36.4% | 36.4% | 41.3% | 47.6% |
| Revenue per employee | £158k | £330k | £330k | £1.3m | — |
| Profit per employee | £22.2k | £28.1k | £28.1k | £87k | — |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £1.7m | £1.7m | — | — | — |
| Net assets | £8.5m | £10.7m | — | — | — |
| Fixed assets | £441k | £4.4m | — | — | — |
| Current assets | £10.6m | £13.2m | — | — | — |
| Debtors | £903k | £1.4m | — | — | — |
| Deferred income | £109k | £2m | — | — | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | Accounts · bulk data Dec 2025 | Accounts · bulk data Dec 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 7.4%
- Profit ÷ revenue.
- Gross margin
- 47.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- MML Partnership Capital VIII Holdco 1 Ltdultimate parent50–75%
- MML Cosmos Investco Limited25–50%
- V Topco Limited75–100%
- V Midco Limited75–100%
- V Holdco Limited75–100%
- V Bidco Limited75–100%
- Veezu Group Limited75–100%
- Veezu Holdings Limited75–100%
- City Taxis Holdings Limited75–100%
- Steel City Holdings Limited75–100%
- Northern Taxis Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Derby City Cars LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £230k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 25 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.